Short Interest in Maple Gold Mines Ltd. (OTCMKTS:MGMLF) Drops By 40.7%

Maple Gold Mines Ltd. (OTCMKTS:MGMLF) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 66,660 shares, a decline of 40.7% from the April 15th total of 112,356 shares. Based on an average trading volume of 228,145 shares, the short-interest ratio is currently 0.3 days.

Maple Gold Mines Trading Down 7.4%

Shares of OTCMKTS MGMLF traded down C$0.20 during trading on Friday, reaching C$2.51. The company had a trading volume of 55,865 shares, compared to its average volume of 92,575. Maple Gold Mines has a 52 week low of C$0.50 and a 52 week high of C$3.00. The business’s 50 day moving average price is C$1.97 and its 200-day moving average price is C$1.66.

About Maple Gold Mines

Maple Gold Mines Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold projects in Quebec’s prolific Abitibi greenstone belt. The company’s flagship asset is the Douay gold project, which comprises several contiguous properties covering more than 300 square kilometres of prospective terrain. Through systematic drilling programs and detailed geological mapping, Maple Gold Mines aims to expand and define high‐grade gold mineralization within structurally controlled zones.

The Douay project lies approximately 60 kilometres northeast of the Abitibi town of Chibougamau, a well‐established mining district with supporting infrastructure such as year‐round road access, hydroelectric power and nearby milling facilities.